Raytheon CEO Hayes takes slight decrease in 2020 compensation

Raytheon Technologies Corp. president and chief executive Gregory Hayes had 2020 total compensation of $19.49 million. The CEO pay ratio was $193 dollars for every $1 made by its median employee’s compensation of $108,914. Riccardo Savi, Getty Images An agreement by Gregory Hayes, the top executive for Raytheon Technologies Corp., to take a 20% pay cut for seven months of the COVID-19 pandemic contributed to an overall 11.7% reduction in salary for fiscal 2020. However, a sizable boost in the value of Hayes’ stock and stock option awards kept his total compensation at $19.4 million, just 0.3% below his fiscal 2019 level. When the brunt of the COVID-19 pandemic began to be experienced in mid-March, Raytheon’s Collins Aerospace division had about 1,500 employees at a major operational hub in Winston-Salem. The company has declined since to provide a local workforce update.